Dow futures up by about 14 points. S p futures down slightly and nasdaq up slightly. August durable goods. Then at 11 00, the Kansas City Fed survey. Apple having a rough week after, you know, a couple of good weeks, after that new intro. Reports are flying around social media about problems with two of the companys new products. First, there was what we talked about yesterday, there it is, bend gates and it cracks after you try to put it back. Iphone 6 buyers claiming the device can bend when placed in back pockets. It depends on your weight when you sit on it, i guess. I havent done it, but i have been asked to download this partnership havent done it. Some users complain they had calls blocked and couldnt unlock their phones with their fingerprint. Hmmm. I didnt know you could do that, anyway. Apple says its investigating reports of problems. Its offering consumers a way to manually reverse the updates. There was overheating with the iphone 5 and two years ago, remember the apple maps werent as good as the google maps. That left people aloft. I dont know. The thinner you get, its something you have to address. I liked how thin that was. Thats what made me think i wanted that. You dont want a fragile phone. You need a phone that its a battle between your butt and your phone, you want your phone to win, right . Yes. Battle of the bulge, yes. Because your butt will give, usually, unless youre just ripped, you know, which is when people do that. I can carry an ipad in my back pocket. If youre hearing a buzz today, its because we have a lot of drone news this morning. There are drone flights to film inside sets today. So far, the faa has allowed limited use of drones for surveillance for law enforcement. But the story could get bigger. Facebook is offering more details on its plans to use solar powered drone to provide free wifi. Facebook isnt using the term drone. Its going instead with plane because they would be flying these things roughly the size of a 747. Facebook says it plans could become a reality in the next three to five years. That leaves a lot of questions about how these things work. I have questions just about drones themselves in the air, understanding who is using them. Remote control commercial not commercial, but a plane the size of a commercial oa airlin gives me the creeps. Me, too. Then you wouldnt even need the train the pilots and sneak around and do all that stuff. Youve just got to get they say three to five years. I have a hard time buying the faa signing off on that. Would you get control of the Remote Control or something and steer it wherever you want. Thats insane. Im sure thats the first thing that comes to mind, right . You could use it in a way that would be yeah. Even if it was accidentally downed, i mean right. Wherever. Exactly. I dont know. That seems kind of science fiction, but i have a hard time believing that the faa would sign off on Something Like that. They may be able to physically do it in three to five years. Were worried about the little ones landing on peoples heads. There was a kid that was killed, remember, in queens a year or two ago. The ap is reporting that the air Traffic Control system is not taking the new technology into account. In 2003, coming passed a law directing the faa to accommodate all types of aircrafts, including drones. But, again, the skies can get very busy very quickly. They are flying objects that can be dangerous. In corporate news, florida is adding 1200 workers. Thats good. And another shift to a plant in missouri. Thats where the company is making its new transit van. I think we have seen similar to that. Our crew does. Theyre all parked out there. Were going to talk to fords president of the americas, joe henri can, at 8 00 p. M. Eastern. I think phil will be involved with that, right . And private backed phil lebeau. And private equity backed oil and Natural Gas Company vantage is postponing an ipo. The Company SitesUnfavorable Market conditions at this time. Meantime, Airline TicketCompany Travelport worldwide priced its ipo at the top end of the range. It values this company, which was blackstone backed at 1. 9 billion. The pe firm and a partner bought this company for more than 4 billion back in 2006. The shares are expected to start trading today. If youre wonder background the symbol, it is pvpt. Tvtp. Travelport. In global news, usair strikes targeted 12 isis controlled oil refineries. Early indications suggest those strikes were successful. But these refineries were responsible for bringing about 2 million a day back into isis either through cash or through other goods that were bartered or this oil. The front page of just about every newspaper this morning is president obamas speech. Yesterday at the u. N. , where he says the muslim world has to confront the isis network of death. The speech writer who wrote george bushs speech about the axis of evil said when you are confronted with such terror and such horrible beheadings and things of such nature, there are only so many words in the english language you can use to contribute it. And i was reading in the journal the key meeting was with saudi arabia. I didnt realize how they were really upset a year ago. Then i thought back on it and we really did get it was almost assumed that we were going to another red line. And i guess it was the thats when we were talking about the use of chemical a year ago, we were talking about shipping away from a perpetual war footing. But we also knew he was going to go, and i was expecting eminent air strikes. Then it was now it looks like hes going to go to cob and then we just shelved the whole deal. It seems like its better to be cautious. I didnt realize today we were going to have dick parsons. Youre not dick parsons. No. Well be with you. I knew you werent him. But with your clinton thing, i didnt realize the you know, just how amazing, and he just said yeah, its notice unpatriotic. He just threw that right in jack lew and Barack Obamas face. He then went on to say treasury is what it is. Do you think right now if bill clinton were president , im pretty sure he would talk to the even talk to the worst you know, the people they think are the worst republicans in the house. I think he would lower rates because he knows that it would generate jobs. Hes not competitive. When he signed it into law, it was but he doesnt have this role, dislike of ceos and corporations and the private sector that really disallows this administration to ever get close to although theyre a lot has happened in 2008. Is hellry where is she . What does she feel . She seems more left than he is. No, look, i think one thing with the clinton presidency, he was the head of the centrist organization of governors who went through. He believes very much in private and Public Relationship and having those private Public Partnerships and getting things done. Thats something Hillary Clinton has talked about, too. I saw her wednesday night where she was talking about the Public Private relationships and how you build partnerships. Im just wondering whether she is as business friendly as he was kind of business friendly the. She was as a senator in new york. He might be a copresidency, too. Thats what everyone said a when he was president , that she was advising him, she was his closest adviser. Thats what most of us do in our marriage. Yeah. Really . Yeah. No. Yeah. I mostly just listen . Yeah. You get the weigh in every once in a w450i8. Follow directions. Whats the upside of me weighing in . Happy wife, happy life. Exactly. Lets check in on the markets this morning. Futures are mixed this morning after a big day of gains yesterday. Dow futures up by about 13 points. Those gains from yesterday really reversed the last two days of losses. It was the biggest day of upswings for the markets since this summer, early this summer. You take a look at whats been happening with oil prices. Right now, you will see wti is down about 96 cents. 92. 63. The tenyear at this point looks like it is yielding 2. 55 . About the same range weve been all week. And dollar prices, theyre up across the board. The pound right in and out is at 1. 6316. The euro is at 1. 2729. If you take a look at whats been happening with gold prices, down about nine bucks this morning. We are getting close to a point where you could break below 1200. 1,210. 60 an ounce. Stocks rallied yesterday. Kind of interesting to watch. Snapped a threeday loogz streak. The nasdaq had its best day in more than two months. Small cap shares rebounded despite another death cross. Socalled death cross, the traders were watching earlier this week. A few of them in different markets in the last 18 months or so. But with durable goods and claims out at 8 30 eastern, what about today . Lindsay joins us. Jj kinnehan in is in studios with us. It was a slow sort of grind higher yesterday. That picked up speed and sort of welcomed. Its interesting, joe. Exactly what you said. It didnt seem to be any one cause of it. We just stay in this range. We would be in this 1980 to 2012 basically range since august 19th. And were in the middle of it. Its funny, you say after those three days in a row, we have three days in a row where we sell off for the first time or sixth time only all year and it felt like, oh, my god, everyone is talking about the world coming to an end. Is that just a sign that there are so many people out there who are trying to buy the dip . I think thats a great point, becky. Youve heard so many people. Theres a lot of Money Managers underinvested. How many people have you heard saying when we go down 5 , im getting in. Andite not happening at all. It is kind of interesting to me that actually i think this has been a rally where a lot of retail traders have been involved. Maybe more son that some of the professionals. A lot of the professionals i think are overweighted in fixed income. Everyone has been waiting for this other shoe to fall so to speak and it just hasnt happened. And the markets always move when you dont know why. Watching it for 25 years or whatever and you find out maybe later, but this market even more makes me think that the fed that as long as theyre just you know, the last three or four years, it hasnt been really based on underlying fundamentals as much as maybe even previous moves. The money keeps flowing. The qe keeps happening. Rates stay at zero and theres nowhere else to go. So stocks just kind of its just like money finds its way into the market, it seems like. Thats true. But you have to remember one thing. Theres the old adage that earnings often find price in terms of rally. So i do believe that youre starting to see more evidence of that. If you look at some of the p e ratios, were not that outrageous. You can always pick out a few stocks that are. But the market as a whole isnt that outrageous. Last earnings season, it was kind of lost with the geopolitical tensions and it was an earnings season overall and i think that got lost on a lot of people lindsay, we had kooil bass on. That may or may not mean something to you. But yesterday, he talked about some of the things that others have said, that once again were back to the fed. The fed is kind of orchestrated this asset recovery, hoping that the wealth effect trickles down to everyone else. But what its really done is just delayed some day of reckoning and that were never going to have rates really rise again because were never going to get going quickly enough again. And the unemployment figures, they may say 5 or 6 or 6. 5 , but, in fact, its just you know, not an economy that can really support higher Interest Rates and our debt service with the government. We cant support 4 . Sure. We would go broke quickly. Do you agree with that . Well, i think thats a growing concern of the economy. We saw that dot plot that Shows Committee members hoping the economy would be on a Strong Enough footing. As we know, the fed is consistently overly optimistic in terms of reality. So when we look at the underlying fundamentals of the economy, the consumer continuing to lose momentum, Business Investment very uneven, the housing recovery positive, but very commuted, its hard to argue that the economy will be on significantly stronger footing or a Strong Enough footing to suggest that the fed can begin to raise Interest Rates. So, again, despite the fact that we see a lot of Committee Members talking about that, its likely that the fed is on hold well into 2016 and if the data does continue to disappoint, we could be talking about 2017. And the next time there is a slowdown, it would be nice to have some room to cut. If youre down here with no dry ammo and there is something globally that happens that causes a slowdown, youre back to not having any of the tools to try to help. Just to give the market a relaxation period and offering said, if we do need another jolt to the economy. Well be talking about 400 basis points. I think its pretty clear that the new normal is well below the historical norm in terms of that fed funds target rate, possibly around 2 , maybe 3 as opposed to 4 or 5 range. Charlie evans is saying theyre going to extend some sort of no. Be more easing. Not extend this particular package, but Charlie Evans comments continued to spark the market. He wasnt clear on what it was. Well, they said it was strangely worded. They would be there, so to speak. People compared it and it keeps going farther and farther out of the money. One of the things that they are doing, which isnt bad, is Interest Rates for a while, rather than them raising or cutting rates, theyre saying lets let markets trade things. Thats one of the reasons were so range bound. The 10year is going to yield as we continue to push around and find a fair value in it without the fed intervening one way or the other. Hopefully the durable goods number is good because i think between durable goods and houses, theres no better measure of consumer confidence. With that number today, if it can come in better than expected, we know its a negative number overall. Kite show that the consumer is back. The housing numbers have been the most confusing for people. That has been the hardest market for everybody. So the fed knows that every time it raises rates, that we owe more money as a country on the stuff weve borrowed. Its billions of dollars every hundred basis points. And they know that, right . They certainly do. So remember, the fer has been very clear that they want to maintain their autonomy from the federal government. So, of course, there is conspiracy theories that theres a super secret phone call that goes on between the president and the chairman, but, again, charm yellen has been very clear that that is not a prior to. The priority is stable prices and full employment. Thats what they were focus on. Thats not to say the federal government cant stack the committee with dovish doves. Remember, we still have vacancies and appointments that were waiting for. But from a direct standpoint, the debt payments is not a primary issue that the fed is focusing on. Lindsay, thanks. Joe, good to see you. Good to see you. Whenever you used the talk to him i call him j. J. Now. You would say joe, what about this snm and you werent interviewing me, you were trying to when i hear becky, my ears perk up. So you changed his name just to come on just for becky. Thank you, j. J. We appreciate it. Anything for you. Thank you. When we come back, transformers meets the disney prince princesses. The entertainment giant taking its business to hasbro. Can mattel survive without the kingdom . That is coming up right here on squawk box. Steve ballmer said he is going to bring his form of enthusiastic leadership to his new job. I like the microsovpt vfrts, i like the Microsoft Windows phone, i love the l. A. Lakers and im going to be enthusiastic about those things. Much more about that interview well have with ballmer in the next few hours. I love thinking of him on the sidelines. Yeah, but figure 42 to figure five points on how many that he owns millions of shares. 333 million shares. He made 2 billion and paid for profits. Not to say that it was his leaving microsoft that ignited the stock. Although the stock didnt seem to go down. Over the years. I would just tell you that he if you look at the stock price, maybe that stayed flat for a long time. It was one of the blue chip bubble stocks. Microsoft, youre managing a company that revenue is so huge. And the law of large numbers comes in. I would not agree with critics that say he didnt know how to run the company. But its done pretty well in the last year, for sure. Im excited to see him on the sidelines. He will be there with enthusiasm. You remember those marketing meetings where he would get up . That will be great. Amazon is the head of Digital Music and video is leaving the Ecommerce Company by the end of the year. So far, its been a key player in amazons quest to take on hulu and netflix and streaming online video. Remember the computer bugs that surfaced last spring that allowed hackers to spy on computers. . Now theres a newly discovered security bug that could be even more dangerous. Its called bash and it could let criminals take complete control of a targeted system. Up next, mattel getting frozen out of the disney franchise by rival hasbro. Let it go, and what will this mean for the new franchise for hasbro and its bottom line . Plus the results of a billionaire beach battle. Squawk box will be right back. When change is in the air you see things in a whole new way. Its in this spirit that ing u. S. Is becoming a new kind of company. One that helps you think differently about whats ahead, and whats possible when you get things organized. Ing u. S. Is now voya. Changing the way you think of retirement. Big day . Ah, the usual. Moved some new cars. Hauled a bunch of steel. Kept the supermarket shelves stocked. Made sure everyone got their latest gadgets. Whats up for the next shift . Ah, nothing much. Just keeping the lights on. laugh nice. Doing the big things that move an economy. See you tomorrow, mac. See you tomorrow, sam. Just another day at norfolk southern. Good morning and welcome back to squawk box here on cnbc. Im joe kernen along with becky quick. Andrew ross sorkin is off today. And if you are a billionaire living at the